. Those results are on demo, but they're a copy of one of my aggressive live account. I place live trades first then copy them on demo, so my live account has actually slightly better results. Less risk on live, but there are times, certain setups(ej weekly pin bar) I don't have problem with using up to 6-7%. I then don't have to trade for a week or so..
I don't care much about RR (at certain level you won't either) If I don't see price doing what I expected it to do, I'm out. With time and practice you can almost tell if the floor is almost ready to fall off on you... just by watching it act. You then have to act quickly
Yes, I'm logical by nature. If I don't know what I'm doing, I don't do that at all.
50% times I have SL, other 50 I have opposite limit order waiting (hedging positions, especially in a ranging market). I prefer hedging over SL in consolidating markets. I may get stuck with a hedge for few days, but sooner or later I will work it out.
e.g. short gu trade on last friday.
Had a bad short trade @4760, but instead of sl i had limit buy gu @ 4790
Last night I closed my longs (5000 rejection) @4919 and added extra short lot. Closed all shorts tonight @4678 an hour or so ago. Both trades returned good profit, but It required some patience.
This chart is taken from my post in the pf earlier today...
hope this helps. If it doesn't, don't worry about it. Just follow j16 the way Jim, Mike and many others great traders explain it on this thread, until you find something that works for you.
Some were, some were not. Other were taken near ppz, and other like 1min trade on g/chf was based on tip I received.... I trade mostly around j16 method, but i don't follow it it to the letter. It's a zero sum business and you have to have some edge to be ahead of the crowd if you want to make a living out of it...
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DislikedRaczek, thanks A LOT for sharing that. Could you cast some light on the following, please:
1. Most of your positions were 10-12% of the a/c balance - was that purely on/for demo?Ignored
Disliked2. Some of your trades were profitable, but RR was 0.05 to 0.1 - was that savvy trade management or mainly luck (that you exited earlier and the trade did not happen a big loser)?Ignored
Disliked3. Is there any logic/methodology behind some trades having SL and TP, some just SL, some (many) - neither? Isn't it dangerous to have a "naked" position (without SL)?Ignored
50% times I have SL, other 50 I have opposite limit order waiting (hedging positions, especially in a ranging market). I prefer hedging over SL in consolidating markets. I may get stuck with a hedge for few days, but sooner or later I will work it out.
e.g. short gu trade on last friday.
Had a bad short trade @4760, but instead of sl i had limit buy gu @ 4790
Last night I closed my longs (5000 rejection) @4919 and added extra short lot. Closed all shorts tonight @4678 an hour or so ago. Both trades returned good profit, but It required some patience.
This chart is taken from my post in the pf earlier today...
hope this helps. If it doesn't, don't worry about it. Just follow j16 the way Jim, Mike and many others great traders explain it on this thread, until you find something that works for you.
DislikedI was wondering if the trades were triggerred based on PA setup, I looked at his trades both the first and end of Mar., seems I could not find Jim16 setups in most cases(Ignored
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